Zacks: Analysts Anticipate Westinghouse Air Brake Technologies Corporation (WAB) to Post $0.95 Earnings Per Share

Wall Street analysts expect that Westinghouse Air Brake Technologies Corporation (NYSE:WAB) will announce earnings per share (EPS) of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.98. Westinghouse Air Brake Technologies posted earnings per share of $0.81 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Westinghouse Air Brake Technologies will report full-year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.45 to $3.56. For the next financial year, analysts forecast that the company will post earnings of $4.01 per share, with EPS estimates ranging from $3.85 to $4.12. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Westinghouse Air Brake Technologies.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $947.18 million. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. Westinghouse Air Brake Technologies’s revenue was up 41.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS.

WAB has been the topic of a number of recent research reports. Buckingham Research dropped their price target on shares of Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies from a “sell” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $100.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Sunday, September 17th. Stifel Nicolaus restated a “hold” rating and set a $74.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, September 12th. Finally, Berenberg Bank initiated coverage on shares of Westinghouse Air Brake Technologies in a research note on Thursday, September 7th. They set a “hold” rating and a $81.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Westinghouse Air Brake Technologies currently has an average rating of “Hold” and an average price target of $88.00.

Shares of Westinghouse Air Brake Technologies (NYSE:WAB) opened at $76.87 on Friday. The company has a market cap of $7,366.02, a P/E ratio of 23.04, a P/E/G ratio of 1.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.55. Westinghouse Air Brake Technologies has a 52 week low of $69.20 and a 52 week high of $93.81.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, November 10th. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 18.18%.

In other news, Director Robert J. Brooks sold 3,500 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $77.66, for a total value of $271,810.00. Following the transaction, the director now owns 84,221 shares of the company’s stock, valued at approximately $6,540,602.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David L. Deninno sold 1,917 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $76.10, for a total transaction of $145,883.70. Following the completion of the transaction, the vice president now directly owns 56,131 shares in the company, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. Corporate insiders own 11.69% of the company’s stock.

Large investors have recently modified their holdings of the company. IFP Advisors Inc increased its holdings in shares of Westinghouse Air Brake Technologies by 15.2% in the 2nd quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock worth $175,000 after buying an additional 252 shares during the last quarter. Fieldpoint Private Securities LLC increased its holdings in shares of Westinghouse Air Brake Technologies by 49.4% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock worth $181,000 after buying an additional 790 shares during the last quarter. Tredje AP fonden increased its holdings in shares of Westinghouse Air Brake Technologies by 15.7% in the 2nd quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock worth $249,000 after buying an additional 370 shares during the last quarter. Kingfisher Capital LLC increased its holdings in shares of Westinghouse Air Brake Technologies by 3.0% in the 2nd quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock worth $1,243,000 after buying an additional 392 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in shares of Westinghouse Air Brake Technologies by 16.6% in the 2nd quarter. Eaton Vance Management now owns 14,082 shares of the transportation company’s stock worth $1,289,000 after buying an additional 2,000 shares during the last quarter.

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About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems.

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